2,547 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,547 shares of the software maker’s stock, valued at approximately $392,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Commvault Systems by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 489,101 shares of the software maker’s stock valued at $59,460,000 after purchasing an additional 31,015 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Commvault Systems in the second quarter worth $207,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Commvault Systems during the second quarter worth $1,330,000. Signaturefd LLC grew its holdings in shares of Commvault Systems by 70.8% during the second quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after buying an additional 170 shares during the last quarter. Finally, Legacy Advisors LLC increased its position in shares of Commvault Systems by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 12,309 shares of the software maker’s stock valued at $1,496,000 after acquiring an additional 191 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Stock Performance

CVLT stock opened at $157.57 on Friday. The firm’s fifty day moving average is $163.14 and its 200 day moving average is $147.39. The firm has a market cap of $6.89 billion, a PE ratio of 39.89 and a beta of 0.61. Commvault Systems, Inc. has a one year low of $73.33 and a one year high of $178.72.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Research analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CVLT. Royal Bank of Canada boosted their price target on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer initiated coverage on Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. DA Davidson lifted their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Guggenheim lowered shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Finally, StockNews.com cut shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.25.

Insider Transactions at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares in the company, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last three months. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.